KOSPI Closes at 2,225.85; Highest in Four Months
Write: 2019-02-14 15:56:22 / Update: 2019-02-14 16:41:27
South Korean stocks rose Thursday on optimism that a 90-day truce period in the U.S.-China trade war may be extended.
The benchmark Korea Composite Stock Price Index(KOSPI) rose for the fourth consecutive day, adding 24-point-37 points, or one-point-11 percent. It closed the day at two-thousand-225-point-85, the highest close since October tenth last year.
The tech-heavy KOSDAQ also rose, gaining two-point-36 points, or point-32 percent. It closed the day at 742-point-27, the highest since October 22nd last year.
On the foreign exchange, the local currency weakened three-point-four won against the dollar, ending the session at one-thousand-125-point-one won.
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